Maura Paler
Converting NYC Apartment Building to Condos - can it be done?
We live in a 4 unit building that is currently apartments in NYC. The owner would like to convert to condo, but apparently this is a very tricky and expensive thing to do in NYC with tenants in place. If he is able to...
Levi Hui
Will I be considered a dealer by the IRS?
Hi guys, I am new here.
I haven't started investing in real estate yet, but I plan on doing so as soon as I turn 18. I was just wondering would I be marked as a 'dealer' by the IRS if I was to buy distressed propert...
Rebecca Shine
Inherited Tenant Contacting Me Too Much
Hi Everyone,I have a question about a tenant I inherited. I just closed on my first property last Tuesday. I inherited a tenant, met him that day, and he seemed nice. He lives by himself in the one bedroom unit in ...
Nikki Taylor
Gift certificate for tenant or rent discount?
We recently had a shower remodel that was supposed to take 2 days but ended up taking 4 days of work over the course of a week because of larger issues that were uncovered during the reno. Tenant has been great, letti...
Ken Latchers
Arbitrage... when will the folly restart?
I am just wondering how many more weeks or months it will be until newbies with that deer-in-the-headlights look start wandering in: hey, have any of you heard about Arbitrage, where you don't have to buy the prope...
James Paine
Super Genes Book Report
Hello, All book 8 of the year! Well on my way to book 52 for the year. Super Genes: Unlock the Astonishing Power of Your DNA for Optimum Health and Well-Being by Deepak Chopra MD and Rudolph Tanzi PhDGood book. Not gr...
Jason Merchey
Modular House as a Long Term Rental
What do folks think of modular homes? Not manufactured, of course, not trailers, I mean like factory-prepped, crane-assembled modular, for about $100 a foot. My thinking was that it would be a quick, reliable, dur...
Douglass Belt
worth it for $100??
my friend and I are thinking of partnering up on buying a turnkey sfh. After all expenses, taxes, cap ex, pm, etc. the deals we are seeing would be cash flowing around 200-300/month. Split 50/50 would be about $100-1...
Brandon Lockard
What if tax bill increases just after closing?
So I closed on a property July 18th. On August 5th I get a call from the mortgage servicing company that they went to pay the taxes on the property and there is a discrepancy of nearly $600 and that I should visit the...
Michael P.
Couple Owner Finance Related Questions
I have a couple questions hopefully someone on here can answer one or both.
1. I recently sold a house that had a first and a second note I made to the buyer. The second was due and she paid off the principal howev...